1638 Compton BlvdCompton, CA 90221

Property Details for 1638 Compton Blvd

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

2,700 SF

Zone code

COCL*

Property type

Retail properties

Property subtype

Retail space

APN

6183-024-013

APU

6183024013

Description

This exceptional 2,700 square foot retail building is ideally situated in Compton, CA, offering unparalleled access to major freeways including the 91, 105, and 710. The property boasts a prime location, ensuring high visibility and convenient access for customers. The building itself features a single restroom and a substantial 200-amp electrical panel, providing ample power for a variety of commercial uses. The 0.09-acre lot (4,120 square feet) includes secure, gated parking accessible via an alleyway, enhancing security and convenience. Currently undergoing improvements, the front of the building is being completely renovated. This renovation includes the installation of a new front door, a large picture window, and a secure roll-up iron gate, significantly enhancing the building's curb appeal and security. The improvements are expected to be completed before escrow closes, ensuring a move-in ready space for the new owner. This presents a unique opportunity to acquire a well-located, upgraded retail space in a thriving area with excellent freeway access. The property's strategic location and upcoming renovations make it an ideal investment for a variety of commercial ventures. The building's size and amenities make it suitable for a range of businesses seeking a high-visibility location with convenient parking.

• CAP approach

  CAP return

  Valuation

  6%

  $977,956

  6.5%

  $902,729

  7%

  $838,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,170,340

  Geo Method

  $2,170,340

• Alternative Use

  Use

  Valuation

  Residential

  $761,486

  Hospitality

  $697,517

  Educational

  $580,326

  Medical

  $600,284

  Retail

  $902,729

Location Insight

City

Compton

County

Los Angeles

State

California

Latitude

33.8957

Longitude

-118.205

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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